Is USA going into Recession?

Is USA going into Recession?

No

Yes

Report inflation the old way, the correct way, and real GDP went negative Q107, bounced in Q307 and will be negative til about Q308. With the healthcare inusrance companies reporting higher costs, I expect the CPI to be tinkered with to mute rising these rising costs.

Report inflation the old way (pre 1980) and we had 11.3% inflation last quarter (source: Michael Shedlock). That includes things like food and gas. This is assuming you eat and drive however. The Federal Government assumes no one eats or drives.

We are in stagflation people. It is already here. Economy.com, Lehman Bros, and myself say its been here since January at least. Look around? Car sales are tanking. Even electronics sales are tanking. Jobs are experiencing negative growth, etc.

Its here now, but if it makes you feel better, you can wait until the government declares it 6 months after the fact like they always do.

Nothing really seems to be changing all that much. People don;t have as much disposable income.......Get a second job.

It is really a bunch of crap. we go in and out of these cycles all the time.

The only way for the economy to succeed is for all Americans to call their respective representatives in Washington and tell them to Back OFF!!! They are too stupid to fix any problems, real or imaginary.

As long as politicians, Republican or Demoncrat, leave things alone we will come out fine.

BOCA RATON â A crowd of more than 500 people waiting for hours this morning for housing voucher applications were dispersed by police in riot gear at the Boca Raton Housing Authority when the applications ran out sooner than expected.

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Just a small glimps into the future of many SHeeople who will soon join the PROVERTY ranks.

Report inflation the old way (pre 1980) and we had 11.3% inflation last quarter (source: Michael Shedlock). That includes things like food and gas. This is assuming you eat and drive however. The Federal Government assumes no one eats or drives.

We are in stagflation people. It is already here. Economy.com, Lehman Bros, and myself say its been here since January at least. Look around? Car sales are tanking. Even electronics sales are tanking. Jobs are experiencing negative growth, etc.

Its here now, but if it makes you feel better, you can wait until the government declares it 6 months after the fact like they always do.

Our food and energy woes are the result of failed energy and ethanol policy, not money supply.

... Wondering what would happen to food prices if next year we decided to stop using 28% of our food as gasoline?

I can tell you one thing... the world already is producing a lot more gasoline than it needs. Makes sense that no one was investing in building new refineries last year, doesn't it? They are running at a loss now with oil at record highs, because no one wants the underlying product at these prices.